Is Microsoft discontinuing edge?

Hello there, I've been hearing some rumors lately that Microsoft might be discontinuing its Edge browser. Can you please clarify if this is true? If so, what are the reasons behind this decision? And what will be the alternative browser that Microsoft recommends its users to switch to? Also, will this decision affect the functionality of other Microsoft products or services that are integrated with Edge? I'm really curious to know more about this matter, so please provide as much information as possible. Thank you in advance!